Ferguson Reports Mixed Q4 Results, Expects 'Challenging Near Term Market Environment'
Portfolio Pulse from Lekha Gupta
Ferguson reported mixed Q4 results with net sales slightly below expectations but adjusted EPS exceeding consensus. The company anticipates a challenging near-term market environment but expects modest growth in FY25. Ferguson shares rose slightly post-announcement.
September 17, 2024 | 12:48 pm
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NEUTRAL IMPACT
Global X Clean Water ETF (AQWA) includes Ferguson, which reported mixed Q4 results. Ferguson's modest growth outlook amid challenges may affect AQWA's performance.
AQWA includes Ferguson, which reported mixed Q4 results. Ferguson's outlook for modest growth amid a challenging market may have a limited impact on AQWA in the short term.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50
NEUTRAL IMPACT
Invesco Water Resources ETF (PHO) provides exposure to Ferguson, which reported mixed Q4 results. Ferguson's outlook for modest growth amid challenges may impact PHO's performance.
PHO includes Ferguson, which reported mixed Q4 results. While Ferguson's outlook suggests modest growth, the challenging market environment may limit significant impact on PHO in the short term.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50
POSITIVE IMPACT
Ferguson's Q4 results showed net sales below expectations but EPS exceeded consensus. The company anticipates a challenging market but expects modest growth in FY25. Shares rose slightly post-announcement.
Ferguson's Q4 results were mixed, with net sales slightly below expectations but EPS exceeding consensus. The market reacted positively, with shares rising slightly. The company's outlook for FY25 indicates modest growth despite a challenging market, which could support the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100